Australia is Saudi Arabia’s 15th largest exporter
Australia is the 15th largest exporting country to the Kingdom of Saudi Arabia. The value of bilateral exchanges between both states totaled 5.3 billion Saudi Riyals ($1.4 billion), of which SR 2.34 billion is in Saudi shares and 2.9 billion are in Australian shares, reported Al-Riyadh . In the first nine months of 2001, Saudi imports from Australia hit SR 3.62 billion.
Official statistics show that there are 11 Saudi-Australian joint investment projects in the Kingdom. The total capital invested in these projects amounts to 344.8 million Saudi Riyals ($92 million), of which SR 94.5 million are in Australian shares and SR 247.6 million are Saudi shares. Out of these 11 projects, six are industrial and five are non-industrial. — (menareport.com)
© 2002 Mena Report (www.menareport.com)